“We are positive that our hard work and investments in the past 24 months in product R&D, environment-friendly offerings and capacity expansion have started delivering results.
With our new state-of-the-art production facility coming on-stream, we are driving cost efficiencies and gaining benefits of scale.”
In the fast-changing competitive landscape of the global speciality chemical industry, incremental innovation holds the key to sustainable growth. Our growth journey so far has seen accelerated performance through on-going investments in R&D & innovation. This strategy has gained us market leadership as the only organized Indian specialty chemical player having a product edge through our MTM technology.
The Indian chemical industry has grown rapidly over the last decade and is expected to grow at a CAGR of 11% to $ 224 billion by 2017. Manufacturing trends across automobiles, electronics, lifestyle & general manufacturing are showing a shift from the West to the East. As India becomes a global manufacturing hub, the growing demand of eco-friendly alternatives in developed nations holds huge export opportunities for us. Leveraging our R&D-led manufacturing operations, cost efficiency and near-to-market advantage, we will continue to expand our global footprint to strengthen our leading competitive position.
Today, toxicity and environmental issues have been pushed to the fore. Market demands across the globe are getting stronger for specialty chemicals that support environmental sustainability. Our strategy to address this rising opportunity is based on our pro-environment strengths:
With new capacity enhancements, innovative product formulations and focus on premium value-added products, we endeavour to be a leader in the non-toxic alternatives market.
As we grow, we are committed to do so profitably and responsibly. Our commitment is driven by our focus on good corporate governance and ethics whilst capturing new opportunities for profitable growth. We believe, our stakeholders are our partners in delivering operational excellence, disciplined capital management and creating long-term value.
Lastly, I believe this is a very exciting time for the specialty chemical industry. We have the opportunity to use our knowledge, expertise and foresight to address some of the most daunting challenges facing the world today. Let us create a safer and greener planet for our next generations through the application of chemistry.
Vikas Garg
Managing Director